Switch to Chase Freedom

For just about anything you want to get off your chest about credit cards.
5 posts
JFenz2
 
Posts: 2
Joined: Wed Jan 15, 2014 3:57 pm
Location: USA

Switch to Chase Freedom

Postby JFenz2 » Sat Feb 01, 2014 7:43 am

Good morning,

I'm following up a post I made a few weeks ago when I posed the question that I already have 2 credit cards both without points, and I was looking to cancel one of them and change to a rewards CC. The problem was that one card (chase) I've had for 15 years and the other card has a $20,000 credit line so I didn't want to cancel either. I spoke with a chase representative who said I can change my plain old chase card to a chase freedom card. He claimed that my current chase card will NOT be cancelled but just changed and my credit line will remain the same. He said it's a lateral move and assured me my 15 year credit history with my current chase card will remain and I won't be "starting over."

I'm a little skeptical - anyone have any advice? I don't want to lose 15 years of a solid credit line. Thanks for any help!


MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Sat Feb 01, 2014 4:56 pm

He's right a product change, which is what this is, changing from an existing card of one type to another type, is just that - a lateral move and should not affect your 15 year history.


You should be able to comfortably do this. I would not close either of those accounts either.

dragon452
Platinum Member
Platinum Member
 
Posts: 77
Joined: Fri Apr 18, 2014 10:30 pm
Location: South Florida

Postby dragon452 » Sat Apr 19, 2014 4:20 pm

I managed to get a Chemical Bank Bankamericard in 1973 (I was 21 years old), and a Manufacturers Hanover Trust Mastercharge about 10 months later (getting your first major credit card in those days was a monumental task: the bank had to "take a chance" on you). Well, 41 years later, those two banks have long since closed, each Visa and MC account have gone from one bank to another, and another, and finally, they both wound up being owned by Chase. They issued me TWO Freedom accounts for the Visa and MC, which I maintain even today (preferred interest rate, very high credit limits, etc.). But to answer your question: both cards have the original issue years (1973 and 1974) imprinted on them, and Chase considers me a 40 year plus customer. Keep your relationship with the same bank and upgrade through them (as long as you keep your account in good order), and they'll treat you right.

Troublemaker
Platinum Member
Platinum Member
 
Posts: 53
Joined: Sun Jan 20, 2013 9:18 am
Location: USA

Postby Troublemaker » Fri Apr 25, 2014 11:17 pm

dragon452 wrote:I managed to get a Chemical Bank Bankamericard in 1973 (I was 21 years old), and a Manufacturers Hanover Trust Mastercharge about 10 months later (getting your first major credit card in those days was a monumental task: the bank had to "take a chance" on you). Well, 41 years later, those two banks have long since closed, each Visa and MC account have gone from one bank to another, and another, and finally, they both wound up being owned by Chase. They issued me TWO Freedom accounts for the Visa and MC, which I maintain even today (preferred interest rate, very high credit limits, etc.). But to answer your question: both cards have the original issue years (1973 and 1974) imprinted on them, and Chase considers me a 40 year plus customer. Keep your relationship with the same bank and upgrade through them (as long as you keep your account in good order), and they'll treat you right.


Wow! A customer for 40 years. That is pretty cool!
DoubleCash '99:10k / Freedom '07:11k / CU '11:15k / Slate '14:13k / Premier '15:10k / InkPlus '15:5k

Troublemaker
Platinum Member
Platinum Member
 
Posts: 53
Joined: Sun Jan 20, 2013 9:18 am
Location: USA

Postby Troublemaker » Fri Apr 25, 2014 11:19 pm

JFenz2 wrote:Good morning,

I'm following up a post I made a few weeks ago when I posed the question that I already have 2 credit cards both without points, and I was looking to cancel one of them and change to a rewards CC. The problem was that one card (chase) I've had for 15 years and the other card has a $20,000 credit line so I didn't want to cancel either. I spoke with a chase representative who said I can change my plain old chase card to a chase freedom card. He claimed that my current chase card will NOT be cancelled but just changed and my credit line will remain the same. He said it's a lateral move and assured me my 15 year credit history with my current chase card will remain and I won't be "starting over."

I'm a little skeptical - anyone have any advice? I don't want to lose 15 years of a solid credit line. Thanks for any help!


Chase Freedom is a great cash back card and not so great on the points or other kind of rewards. There are other cards for that purpose.
DoubleCash '99:10k / Freedom '07:11k / CU '11:15k / Slate '14:13k / Premier '15:10k / InkPlus '15:5k



Return to “General Credit Card Talk”

Who is online

Users browsing this forum: No registered users and 2 guests